VORNADO RLTY TR VNO
SH BEN INT · REIT · CUSIP 929042109 · ISIN US9290421091
* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once ($1.8m this quarter). Holder counts are more reliable. Shares outstanding: 190.6m as of 2024-09-30, from the company's own SEC filing; the percentage can still exceed 100%: lent-out shares are counted by the lender and the buyer, and some reports overlap without saying so. Implied quarter-end price ≈ $39.44. Options: 20 managers hold calls ($88.2m notional), 19 hold puts ($79.1m).
Trends to Q3 2024
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 357 |
| Q4 2022 | 361 |
| Q1 2023 | 311 |
| Q2 2023 | 323 |
| Q3 2023 | 331 |
| Q4 2023 | 368 |
| Q1 2024 | 345 |
| Q2 2024 | 340 |
| Q3 2024 | 371 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q4 2022 | 204 | 177 |
| Q1 2023 | 170 | 181 |
| Q2 2023 | 165 | 150 |
| Q3 2023 | 161 | 146 |
| Q4 2023 | 163 | 159 |
| Q1 2024 | 145 | 183 |
| Q2 2024 | 152 | 167 |
| Q3 2024 | 192 | 159 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q4 2023 | $85.6m | $103.0m | 1.20 |
| Q1 2024 | $59.0m | $46.5m | 0.79 |
| Q2 2024 | $51.5m | $46.0m | 0.89 |
| Q3 2024 | $88.2m | $79.1m | 0.90 |
Biggest buyers
| JPMORGAN CHASE & CO | Added | +4.9m |
| PRICE T ROWE ASSOCIATES INC /MD/ | Added | +3.0m |
| PRINCIPAL FINANCIAL GROUP INC | Added | +2.3m |
| BAMCO INC /NY/ | New | +1.9m |
| CITADEL ADVISORS LLC | Added | +1.8m |
| Alyeska Investment Group, L.P. | New | +1.4m |
| AMERICAN CENTURY COMPANIES INC | New | +973.1k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC | Added | +955.1k |
| Heitman Real Estate Securities LLC | Added | +947.6k |
| VANGUARD GROUP INC | Added | +629.9k |
Biggest sellers
| Brookfield Corp /ON/ | Sold out | -9.4m |
| NOMURA HOLDINGS INC | Sold out | -2.2m |
| ING GROEP NV | Sold out | -1.3m |
| H/2 CREDIT MANAGER LP | Sold out | -1.0m |
| D. E. Shaw & Co., Inc. | Reduced | -973.3k |
| JUPITER ASSET MANAGEMENT LTD | Sold out | -852.7k |
| BANK OF MONTREAL /CAN/ | Reduced | -811.7k |
| CIBC WORLD MARKETS CORP | Reduced | -716.2k |
| Caisse de depot et placement du Quebec | Sold out | -700.0k |
| LASALLE INVESTMENT MANAGEMENT SECURITIES LLC | Sold out | -619.6k |
Biggest calls
| CITADEL ADVISORS LLC | Added | $19.4m492.6k shares |
| GROUP ONE TRADING LLC | Added | $18.6m471.7k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $12.4m315.6k shares |
| Twin Tree Management, LP | New | $8.7m219.7k shares |
| JANE STREET GROUP, LLC | Added | $5.6m141.1k shares |
| UBS Group AG | New | $3.9m100.0k shares |
| SIMPLEX TRADING, LLC | Reduced | $3.6m91.0k shares |
| CAPITAL FUND MANAGEMENT S.A. | Reduced | $3.6m90.5k shares |
| BARCLAYS PLC | Unchanged | $2.0m50.0k shares |
| GTS SECURITIES LLC | Reduced | $1.8m46.6k shares |
Biggest puts
| CITADEL ADVISORS LLC | Added | $22.2m564.2k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $19.9m504.2k shares |
| GROUP ONE TRADING LLC | Added | $12.0m303.7k shares |
| SIMPLEX TRADING, LLC | Added | $7.3m185.1k shares |
| Walleye Trading LLC | New | $6.1m155.0k shares |
| Crawford Fund Management, LLC | Reduced | $4.4m111.5k shares |
| IMC-Chicago, LLC | Reduced | $1.6m39.9k shares |
| JANE STREET GROUP, LLC | Reduced | $1.3m33.7k shares |
| WOLVERINE TRADING, LLC | Reduced | $1.0m26.3k shares |
| CAPITAL FUND MANAGEMENT S.A. | Reduced | $725.0k18.4k shares |
Options at notional value: the value of the shares the contracts control, as filers report them, not what the options cost. Not included in the holders, shares or buying above.
Major shareholders (over 5%)
Anyone who owns more than 5% of a class of the company's shares has to say so: on Schedule 13D if they may try to influence or control the company, on 13G if they're a passive investor, and update it as the stake changes. Each holder's latest filing, from 19 Dec 2024 on; percentages are of the share class, as the holder worked them out.
| Holder | Stake |
|---|---|
| NORGES BANK 13G · institution filed 2026-05-11 | 7.7% |
| VANGUARD PORTFOLIO MANAGEMENT LLC 13G · institution new · filed 2026-04-29 | 7.7% |
| FRANKLIN RESOURCES INC 13G · institution +1.1 pts · filed 2026-04-29 | 6.9% |
| PRICE T ROWE ASSOCIATES INC /MD/ 13G · institution new · filed 2026-08-14 | 5.1% |
Fell to 5% or below in the last year: VANGUARD GROUP INC (0.0%, 2026-03-27; now reported by VANGUARD PORTFOLIO MANAGEMENT LLC)
Insider purchases and sales in Q3 2024
Shares bought or sold by the company's own officers, directors and 10% owners, in the open market or privately, as they reported to the SEC on Form 4 (due within two business days of the trade). Grants, option exercises, shares withheld for tax and gifts aren't included.
Officers and directors buying vs selling
Number of people, by quarter (10% owners not included)
Numbers
| Quarter | Buying | Bought | Selling | Sold | Sold under a plan |
|---|---|---|---|---|---|
| Q4 2022 | 0 | — | 0 | — | — |
| Q1 2023 | 0 | — | 0 | — | — |
| Q2 2023 | 1 | $542.3k | 0 | — | — |
| Q3 2023 | 0 | — | 0 | — | — |
| Q4 2023 | 0 | — | 2 | $20.5m | — |
| Q1 2024 | 0 | — | 0 | — | — |
| Q2 2024 | 0 | — | 0 | — | — |
| Q3 2024 | 0 | — | 1 | $56.4k | — |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2024-07-11 | WIGHT RUSSELL B JR Director · Held by Children | Sold | $56.4k2.0k shares |
Their holding: how much the trade added to or took from the insider's holding (direct, or the trust or fund named). The same trade is sometimes reported by more than one insider, such as a fund and the director who represents it; totals count it once. A value is left blank where the reported price is far from the market price (usually a typo).
Holders, Q3 2024
| Manager | Shares | Change |
|---|---|---|
| VANGUARD GROUP INC 0.02% of their portfolio | 24.8m $977.6m | Added +629.9k |
| BlackRock, Inc. 0.02% of their portfolio | 21.6m $852.9m | First filing |
| NORGES BANK 0.10% of their portfolio | 17.3m $683.3m | Unchanged |
| FRANKLIN RESOURCES INC 0.12% of their portfolio | 11.1m $444.9m | Added +592.4k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.04% of their portfolio | 8.6m $339.2m | Added +3.0m |
| STATE STREET CORP 0.01% of their portfolio | 8.6m $338.3m | Reduced -49.4k |
| JPMORGAN CHASE & CO 0.01% of their portfolio | 7.1m $278.1m | Added +4.9m |
| Kemnay Advisory Services Inc. 41.63% of their portfolio | 5.8m $229.9m | Unchanged |
| CITADEL ADVISORS LLC 0.13% of their portfolio | 3.1m $124.0m | Added +1.8m |
| GEODE CAPITAL MANAGEMENT, LLC 0.01% of their portfolio | 3.1m $122.4m | Added +39.1k |
| PRINCIPAL FINANCIAL GROUP INC 0.06% of their portfolio | 2.8m $111.1m | Added +2.3m |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.02% of their portfolio | 2.8m $110.4m | Added +149.0k |
| EARNEST PARTNERS LLC 0.45% of their portfolio | 2.6m $102.4m | Added +36.7k |
| DIMENSIONAL FUND ADVISORS LP 0.02% of their portfolio | 2.5m $97.9m | Reduced -13.5k |
| MORGAN STANLEY 0.01% of their portfolio | 2.3m $89.5m | Added +56.2k |
| Legal & General Group Plc 0.02% of their portfolio | 2.0m $78.6m | Reduced -61.3k |
| First Pacific Advisors, LP 1.05% of their portfolio | 1.9m $75.9m | Reduced -2.4k |
| BAMCO INC /NY/ 0.20% of their portfolio | 1.9m $75.3m | New |
| DUFF & PHELPS INVESTMENT MANAGEMENT CO 0.78% of their portfolio | 1.7m $67.9m | Reduced -248.9k |
| BANK OF AMERICA CORP /DE/ 0.01% of their portfolio | 1.7m $66.4m | Reduced -83.7k |
| Amundi 0.02% of their portfolio | 1.6m $64.9m | Reduced -67.0k |
| Invesco Ltd. 0.01% of their portfolio | 1.5m $58.5m | Added +392.7k |
| Alyeska Investment Group, L.P. 0.29% of their portfolio | 1.4m $56.8m | New |
| CENTERSQUARE INVESTMENT MANAGEMENT LLC 0.51% of their portfolio | 1.4m $54.7m | Added +227.0k |
| NORTHERN TRUST CORP 0.01% of their portfolio | 1.4m $54.5m | Reduced -4.9k |
| Bank of New York Mellon Corp 0.01% of their portfolio | 1.4m $53.6m | Reduced -183.4k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.01% of their portfolio | 1.2m $47.5m | Added +955.1k |
| D. E. Shaw & Co., Inc. 0.06% of their portfolio | 1.1m $45.3m | Reduced -973.3k |
| Nuveen Asset Management, LLC 0.01% of their portfolio | 1.1m $41.6m | Added +9.6k |
| Heitman Real Estate Securities LLC 2.14% of their portfolio | 994.4k $39.2m | Added +947.6k |
| AMERICAN CENTURY COMPANIES INC 0.02% of their portfolio | 973.1k $38.3m | New |
| NEW YORK STATE COMMON RETIREMENT FUND 0.05% of their portfolio | 910.4k $35.9m | Reduced -16.8k |
| DEUTSCHE BANK AG\ 0.01% of their portfolio | 867.4k $34.2m | Added +229.4k |
| PRIVATE MANAGEMENT GROUP INC 1.03% of their portfolio | 748.2k $29.5m | Reduced -138.2k |
| APG Asset Management US Inc. 0.17% of their portfolio | 649.1k $25.5m | Added +474.1k |
| Nixon Capital, LLC 8.38% of their portfolio | 605.3k $23.8m | Added +7.2k |
| WELLS FARGO & COMPANY/MN 0.01% of their portfolio | 592.5k $23.3m | Reduced -12.9k |
| Advisors Capital Management, LLC 0.36% of their portfolio | 565.5k $22.3m | Reduced -4.4k |
| SEI INVESTMENTS CO 0.03% of their portfolio | 543.6k $21.4m | Added +63.3k |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 527.5k $20.8m | Added +65.8k |
| State of Tennessee, Department of Treasury 0.07% of their portfolio | 521.9k $20.6m | Added +39.1k |
| Gotham Asset Management, LLC 0.21% of their portfolio | 507.4k $20.0m | Reduced -12.0k |
| RHUMBLINE ADVISERS 0.02% of their portfolio | 501.2k $19.7m | Added +11.4k |
| MASTERS CAPITAL MANAGEMENT LLC 3.79% of their portfolio | 500.0k $19.7m | Unchanged |
| MILLENNIUM MANAGEMENT LLC 0.02% of their portfolio | 476.4k $18.8m | Added +447.2k |
| Zurich Insurance Group Ltd/FI 0.15% of their portfolio | 448.1k $17.7m | New |
| ExodusPoint Capital Management, LP 0.17% of their portfolio | 411.8k $16.2m | Added +390.9k |
| Schonfeld Strategic Advisors LLC 0.12% of their portfolio | 371.1k $14.6m | New |
| California Public Employees Retirement System 0.01% of their portfolio | 362.3k $14.3m | Added +20.3k |
| GREAT LAKES ADVISORS, LLC 0.11% of their portfolio | 343.0k $13.5m | New |
| COMMONWEALTH EQUITY SERVICES, LLC 0.02% of their portfolio | 339.2k $13.4m | Reduced -2.6k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.02% of their portfolio | 327.8k $12.9m | New |
| AMERIPRISE FINANCIAL INC 0.00% of their portfolio | 325.7k $12.8m | Added +877 |
| MACKENZIE FINANCIAL CORP 0.02% of their portfolio | 323.1k $12.7m | Reduced -7.5k |
| CANADA LIFE ASSURANCE Co 0.02% of their portfolio | 320.6k $12.6m | Reduced -22.7k |
| Waterfront Capital Partners, LLC 2.30% of their portfolio | 317.2k $12.5m | New |
| Swiss National Bank 0.01% of their portfolio | 316.0k $12.5m | Reduced -3.2k |
| UBS Group AG 0.00% of their portfolio | 313.5k $12.4m | Reduced -193.9k |
| Adelante Capital Management LLC 0.77% of their portfolio | 303.3k $11.9m | Reduced -50.9k |
| PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO 0.05% of their portfolio | 300.2k $11.8m | Added +6.8k |
| NATIONAL BANK OF CANADA /FI/ 0.02% of their portfolio | 291.6k $11.5m | New |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.01% of their portfolio | 288.9k $11.4m | New |
| STOREBRAND ASSET MANAGEMENT AS 0.04% of their portfolio | 284.7k $11.2m | Unchanged |
| ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio | 270.1k $10.6m | Added +47.4k |
| ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio | 268.2k $10.6m | Reduced -10.1k |
| STIFEL FINANCIAL CORP 0.01% of their portfolio | 267.4k $10.5m | Reduced -16.3k |
| Lighthouse Investment Partners, LLC 0.53% of their portfolio | 250.0k $9.8m | New |
| Allspring Global Investments Holdings, LLC 0.01% of their portfolio | 243.2k $9.6m | Added +39.5k |
| Asset Management One Co., Ltd. 0.03% of their portfolio | 237.2k $9.3m | Added +2.7k |
| BARCLAYS PLC 0.00% of their portfolio | 236.4k $9.3m | Reduced -340.7k |
| Allianz Asset Management GmbH 0.01% of their portfolio | 231.5k $9.1m | Added +12.7k |
| NOMURA ASSET MANAGEMENT CO LTD 0.03% of their portfolio | 208.9k $8.2m | Added +8.1k |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.02% of their portfolio | 206.8k $8.1m | Unchanged |
| PARTNERS CAPITAL INVESTMENT GROUP, LLP 0.13% of their portfolio | 203.6k $8.0m | Unchanged |
| Retirement Systems of Alabama 0.03% of their portfolio | 201.3k $7.9m | Added +3.8k |
| RAYMOND JAMES & ASSOCIATES 0.00% of their portfolio | 196.3k $7.7m | Added +54.5k |
| Corebridge Financial, Inc. 0.04% of their portfolio | 196.0k $7.7m | Reduced -6.5k |
| GUGGENHEIM CAPITAL LLC 0.05% of their portfolio | 189.6k $7.5m | Reduced -113.8k |
| Sumitomo Mitsui Trust Group, Inc. 0.00% of their portfolio | 181.6k $7.2m | Reduced -590.3k |
| NEW YORK STATE TEACHERS RETIREMENT SYSTEM 0.01% of their portfolio | 170.9k $6.7m | Reduced -3.3k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.01% of their portfolio | 169.6k $6.7m | Reduced -3.0k |
| Russell Investments Group, Ltd. 0.01% of their portfolio | 157.9k $6.2m | Reduced -187.2k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.01% of their portfolio | 156.4k $6.2m | Reduced -4.9k |
| Matthew 25 Management Corp 1.98% of their portfolio | 150.0k $5.9m | Reduced -50.0k |
| Capitolis Liquid Global Markets LLC 0.06% of their portfolio | 148.7k $5.9m | New |
| HSBC HOLDINGS PLC 0.00% of their portfolio | 139.9k $5.5m | Reduced -343.7k |
| Quantbot Technologies LP 0.20% of their portfolio | 130.3k $5.1m | Added +68.8k |
| BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio | 117.7k $4.6m | Added +52.1k |
| Informed Momentum Co LLC 0.68% of their portfolio | 116.1k $4.6m | New |
| MACQUARIE GROUP LTD 0.00% of their portfolio | 115.1k $4.5m | Reduced -4.6k |
| Prospect Financial Services LLC 2.78% of their portfolio | 113.4k $4.5m | Added +10.0k |
| DekaBank Deutsche Girozentrale 0.01% of their portfolio | 113.0k $4.4m | Added +71.8k |
| BNP PARIBAS ASSET MANAGEMENT Holding S.A. 0.01% of their portfolio | 108.0k $4.3m | Added +88.2k |
| BANCO BILBAO VIZCAYA ARGENTARIA, S.A. 0.04% of their portfolio | 107.6k $4.2m | Added +25.9k |
| Mitsubishi UFJ Asset Management Co., Ltd. 0.00% of their portfolio | 105.4k $4.2m | Added +330 |
| FIRST TRUST ADVISORS LP 0.00% of their portfolio | 104.6k $4.1m | Added +10.4k |
| TWINBEECH CAPITAL LP 0.08% of their portfolio | 104.1k $4.1m | New |
| State of Alaska, Department of Revenue 0.04% of their portfolio | 103.0k $4.1m | Added +972 |
| OPPENHEIMER ASSET MANAGEMENT INC. 0.05% of their portfolio | 102.5k $4.0m | Reduced -1.8k |
| Pacific Heights Asset Management LLC 0.29% of their portfolio | 100.0k $3.9m | Unchanged |